Huntington Q2 Earnings: Net Income Jumps 39% QoQ on Cadence Boost, NIM Holds at 3.21%
HBAN sits 25% above its 52-week low of $14.89.
Summary
Huntington Bancshares reported Q2 2026 net income of $727 million ($0.33/share), up 39% from Q1, driven by the Cadence acquisition and broad-based revenue growth. The bank completed the Cadence systems conversion and repurchased $159 million in shares, while credit quality remained solid.
Key Events · Earnings and Guidance · HBAN
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Q2 Earnings Beat
Net income of $727M ($0.33/share) rose 39% QoQ; adjusted EPS of $0.39 exceeded the prior quarter's $0.37.
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Revenue Growth Broad-Based
Net interest income up 9% QoQ to $2.05B; noninterest income up 15% to $785M, with mortgage banking income up 66%.
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Cadence Integration Milestone
Successfully completed the Cadence systems conversion in mid-June, the last major integration step; full earnings power expected by Q4 2026.
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Balance Sheet Expansion
Average loans and leases grew 9% QoQ to $189.3B; average deposits grew 9% to $223.4B, both inclusive of Cadence.
Analysis · HBAN · Finance
Huntington delivered a strong second quarter, with net income surging 39% from the prior quarter to $727 million, or $0.33 per share, driven by the full-quarter impact of the Cadence acquisition and solid organic growth. Adjusted EPS of $0.39 beat the prior quarter's $0.37. Net interest income rose 9% sequentially to $2.05 billion, while the net interest margin held relatively steady at 3.21%, down just 3 basis points. Noninterest income jumped 15% to $785 million, led by mortgage banking and capital markets. Credit quality showed some normalization, with nonperforming assets rising to 0.85% of loans, but net charge-offs remained manageable at 0.25%. The bank completed the Cadence systems conversion in June, marking the last major integration milestone, and repurchased $159 million in shares. With a CET1 ratio of 10.0% and tangible book value per share up to $9.65, Huntington enters the second half of 2026 with strong momentum and a clear path to realizing remaining cost and revenue synergies.
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In the 30 days to Oct 2, 2026, 29.6% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, HBAN was trading at $18.60 on NASDAQ in the Finance sector, with a market capitalization of approximately $37B. The 52-week trading range was $14.89 to $19.46. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.